The Panama Council has approved a moratorium on the granting of construction permits in the urbanization Villa Las Acacias, in the Juan Díaz district.
The suspension, which "... will be in force until hydraulic studies are made on the conduction, evacuation and final destination of rainwater and runoff in the sector ..." , also applies to real estate projects that are carrying out earthworks and that do not yet have a building permit.
East of the Costa Rican capital, in Curridabat, plans are underway to build a mixed development consisting of an office and apartment tower, and a shopping center with 200 stores, cinemas, food courts plus 1,200 parking spaces.
The project, according to the Environmental Impact Study (EIA) submitted in February of this year to the Setena, also includes expansion and remodeling of the hardware store EPA.
In recent years most of the real estate projects have been built in the traditional areas of Guatemala City, but now new developments are seeking to exploit other locations.
In Curridabat, in the eastern part of the Costa Rican capital, five apartment towers are being built, which will be added to the existing vertical housing supply in the sector.
On the road that connects the neighborhood La California with La Galera, east of San José, five vertical residential projects are currently being developed, which will be joined by seven others already inhabited since 2017.It is estimated that the 12 complexes add up to an approximate supply of 1,600 housing units.
The lots are large, 3,000 – 5,300 sq mts with prepared building sites, all with beautiful ocean views, water and power to the site. Financing
Convenient location; 10 minutes from Berlin and just 30 minutes to San Ramon and about an hour to the beach and airport. The lots are at the end of a public road making them very private and secluded. The property can be planted with coffee and fruit trees and all have a space for a house and swimming pool.
In the first two days of Expo Mivi, a fair dedicated to the sale of affordable housing in Panama, $29.7 million was negotiated in the approval of 566 housing units.
From a statement issued by the Ministry of Housing and Land Management
Abusive clauses, breach of contract and lack of information, are the three main reasons cited in consumer complaints against real estate companies in Panama.
The updated plan to develop the Amador Causeway proposes taking advantage of the stretch between the Biomuseo and Naos Island, and building recreational areas on platforms on piles there.
The Administrative Unit of Reverted Property (Uabr) reported that the study of the master plan updated by the firm Tourism, Business & Planning (C4T), recommends the installation of six platforms that will house recreational areas, which would be built on piles overlooking the entrance to the Panama Canal. "...They would be a kind of piers or platforms on piles, where various businesses would be operating. "
Construction has started of an 13 story office tower, estimated at $12 million, which will be located in Zona Rosa, in the Salvadoran capital.
The project, being developed by Corporación Polaris, is called "Century Tower", and will have 7,000 m2of office spaceand 300 parkingspaces, which will be distributed on different levels. The tower, which will be completed in December, will be located on the Hippodrome Boulevard, next to the Clarion Suites Las Palmas hotel.
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The property is a mere two minutes or 0.9 miles or 1.5 KM from Highway 27, which is the main highway artery of Costa Rica, and currently affords paved access to the roads leading to the highway.
Last year in the region, 290 environmental impact studies were submitted for construction of public and private office buildings.
The interactive platform "Construction in Central America", compiled by the Business Intelligence Unit at CentralAmericaData, includes an up to date list of public and private constructionprojects for which environmental impact studies (EIA) were submitted to the respective institutions in each country.
Construction work has started on a residential complex estimated at $60 million, which will be composed of three apartment towers and will be located in Antiguo Cuscatlán.
The housing project being developed by the construction company Urbánica is called "Puerta del Alma".It will have 304 apartments and 709 parking spaces which will be distributed in an open area and twobasements, and the condominium will be located on Calle El Pedregal in front of the Multiplaza shopping center.
In El Salvador, a constitutional reform has been proposed to eliminate the limit of 245 hectares of rustic land that currently, at most, a natural or legal person can possess.
Deputies from the ARENA, GANA and PDC parties presented to the Legislative Assembly a draft agreement to amend Article 105 of the Political Constitution, which prevents natural or legal persons from possessing more than 245 hectares of rustic land.
Through a trust the government will provide financing for the purchase of middle class housing, in local currency and at a rate of 8.7%.
From a statement issued by Coalianza:
Tegucigalpa, April 9. With an amount of 600 million lempiras (around $25 million) and to benefit 2,000 Honduran families, the government today announced a trust that will have a special focus on guaranteeing access to housing for the middle class.
This year in Panama realtors expect to sell 9,000 homes and generate $1.146 billion, which would be a 34% increase compared to the value sold last year.
The National Council of Housing Promoters (Convivienda) plans to sell 8,958 units of housing nationwide this year, after having sold 7,219 units last year.
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